Simple Regression Channel Indicator For MT4



Table Of Contents:

  1. Simple Regression Channel Indicator For MT4
  2. Everything About Simple Regression Channel Indicator For MT4

Simple Regression Channel Indicator For MT4 introduction:

We have a screenshot here for the Simple Regression Channel Indicator For MT4 on the EURNZD currencies trading pair on the one hour time frame (our beloved time frame that we always like to use in our screenshots for you).

As you see here, the indicator is drawing for you two simple price channels that giving you three channels at the end, the upper one the below one, and the whole big channel can consider it as one.

The colors that the Simple Regression Channel Indicator For MT4 are using in that screenshot are only the blue, which means one color only.

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In that item or blog, we will tell you more about the Simple Regression Channel Indicator For MT4 and teach you some stuff to use while trading by it to achieve the maximum good result you can have from using that Simple Regression Channel Indicator For MT4.

Everything About Simple Regression Channel Indicator For MT4

The difference between the Simple Regression Channel Indicator For MT4 and the standard channels indicators that is in the MT4, that most of these indicators give you the ability to draw the channel by yourself and decided its direction.

You can also place the standard channels that the mt4 offers to any trend or draw it from any price you wish.

Still, if you decide to use the Simple Regression Channel Indicator For MT4, you do not have these options anymore, and it will take the responsibility to draw the channel instead of it.

In some cases, it is not good to use such an indicator as it draws strange channels like the one we see right now.

Simple Regression Channel Indicator For MT4 code:

If you like to have the full code of the Simple Regression Channel Indicator For MT4 indicator, you can easily download it by writing your email if the input we left for you above.

Once you enter your email, you will receive an email that includes the indicator source code and the indicator itself.

Simple Regression Channel Indicator For MT4 parameters:

Here you can see the indicator settings that you can edit if you wish, the settings displayed as;

Look back period ( the default as you see is: 30 bars )
Applied time frame ( the default as you see is: Period_H4 )
The Regression style ( the default as you see is: Solid )
Finally The Regression color ( the default as you see is: Dark Blue )
But you can change it to any parameters you wish.

Simple Regression Channel Indicator For MT4 general tips, and trading:

We think that if this indicator, most of the time, provides strange channels as we see right now in the screenshot that we shared.

It is better to avoid using the Simple Regression Channel Indicator For MT4 at all, and not even saying that it is better to merge it with a trading strategy, no.

What is better is to avoid using the Simple Regression Channel Indicator For MT4 completely.

Simple Regression Channel Indicator For MT4 with a trading strategy:

Here in that picture, we tried to do some tech analysis while using the indicator.

Still, it seems like that indicator failed this time to give us any sense, and it looks like in a no sense situation comparing to the tech analysis we set.

Simple Regression Channel Indicator For MT4 Disclaimer:

We strongly recommend to think twice before using Simple Regression Channel Indicator For MT4, and it is up to you to test it many times before deciding to do that.

Sometimes what's terrible for someone maybe right for you.

Simple Regression Channel Indicator For MT4 pros and cons:

We do not see any advantages from using that indicator based on what we see for now.

If you test it in your end and you feel satisfied with it, you can see the Simple Regression Channel Indicator For MT4 on your responsibility.

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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